研报掘金丨国投证券：与金盘科技“买入-A”评级，12个月目标价为113.11元

Group 1 - The core viewpoint of the article highlights that Jinan Technology has signed a contract worth approximately 696 million yuan with overseas client F for a data center project, providing power products [1] - The company is strategically positioning itself in the solid-state transformer (SST) sector, which is expected to benefit significantly from the high prosperity of the AIDC industry in the future [1] - The report identifies comparable companies in the solid-state transformer industry, including Igor, New Special Electric, and Sifang Co., with average PE ratios projected at 78 and 49 times for 2025 and 2026 respectively [1] Group 2 - The company is projected to achieve a PE ratio of 50 times by 2026, with a 12-month target price set at 113.11 yuan, and is rated as "Buy-A" [1]